Offshore staff
STAVANGER, Norway – The licensees in the Johan Sverdrup discovery in the Norwegian North Sea plan to select a development concept in late 2013 and start production in 4Q 2018, according to co-operator Statoil.
Johan Sverdrup isone of Norway’s Top 10 finds, with reserves estimated at 1.6 Bboe, with further appraisal drilling scheduled for later this year. It could be in production through 2050.
Following concept selection, the partners should submit a plan for development and operation to Norway’s Ministry of Petroleum and Energy during 4Q 2014.Statoil will act as project operator until an investment decision is taken and the PDO submitted. The project team is based in Stavanger.
“Our main job now is to narrow down the volume range and uncertainty, and to study solutions with the aim of achieving a flexible development based on standard technology,” said Øivind Reinertsen, Statoil’s project director for Johan Sverdrup.
However, much depends on the reservoir evaluation. The discovery extends more than 180 sq km (69 sq mi), with variations in the oil-bearing strata thickness. The field extends across license PL501, where Lundin Norway is operator, and PL265, where Statoil operates. The location is 140 km (87 mi) west of Stavanger in 110 m (361 ft) water depth, with a reservoir depth of 1,900 m (6,233 ft).
Johan Sverdrup is on the Utsira High, a new geological area for field development, with pressures from the government for integrated solutions with other projects in the area for power supply and oil export. Separate studies are taking place for these two aspects, with Johan Sverdrup as part of their basis.
5/10/2012
